James W Mairs Scholarship Fund Tr 335000b in Providence, Rhode Island (RI)

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James W Mairs Scholarship Fund Tr 335000b
Employer Identification Number (EIN)146039261
Name of OrganizationJames W Mairs Scholarship Fund Tr 335000b
AddressPO BOX 1802, Providence, RI 02901-1802
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date01/1974
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2014
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$47,105
Amount of Income$4,886
Form 990 Revenue Amount$-163
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2014: $4,886 (it was $9,203 in 2013)
This organization: 

 $4,886
Other organizations performing similar types of work: 

 $72,336

Assets in 2014: $47,105 (it was $46,186 in 2013)
James W Mairs Scholarship Fund Tr 335000b: 

 $47,105
Other organizations performing similar types of work: 

 $239,394

Expenses in 2013: $3,616
James W Mairs Scholarship Fund Tr 335000b: 

 $3,616
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2013: 1.4
James W Mairs Scholarship Fund Tr 335000b: 

 1.4
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 0.0%
James W Mairs Scholarship Fund Tr 335000b: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$2,841$2,841$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$1,102
Gross rents$0
Gross sales price for all assets$8,105
Gross profit from sales of goods$0
Other income$-4
Other$1,743
Total expenses and disbursements$3,616$357$0$3,252
Compensation of officers, directors, trustees, etc.$568
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$616$357$252
Contributions, gifts, grants paid$3,000
Excess of revenue over expenses and disbursements$-775
Net investment income$2,484
Adjusted net income$0
Balance Sheets
20122013
Book ValueFair Market ValueBook ValueFair Market Value
Total assets$45,799$46,780$46,186$47,337
Cash - non-interest-bearing$0$0
Investments-U.S. and state government obligations$0$0
Investments-corporate stock$43,356$43,193
Investments-corporate bonds$0$0
Investments-mortgage loans$0$0
Investments-other$0$0
Other assets$0
Total liabilities$0$0
Total liabilities and net assets/fund balances$45,799$46,186
Capital Gains and Losses for Tax on Investment Income
20122013
Capital gain net income$0$1,743
Net capital loss$-1,146$0
Excise Tax Based on Investment Income
20122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNo
Tax based on investment income$7$25
Total credits and payments$0$0
Any penalty for underpayment of estimated tax$0$0
Tax due$25
Overpayment$0
Amount to be credited to next year's estimated tax$0$0
Statements Regarding Activities
20122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?No
Has the foundation filed a tax return on Form 990-T for this year?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNo
Did any persons become substantial contributors during the tax year?No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041No
Statements Regarding Activities for Which Form 4720 May Be Required
20122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNo
Agree to pay money or property to a government official?NoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
Minimum Investment Return
20122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$46,441$48,539
Net value of noncharitable-use assets$47,811
Minimum investment return$2,287$2,391
Distributable Amount
20122013
Distributable amount$2,280$2,366
Undistributed Income
20122013
Distributable amount for this year$2,280$2,366
Undistributed income for this year. This amount must be distributed in the next year$2,031$1,145
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$1,102$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2Sara Stokes Scholarship TrPO BOX 1802, Providence, RI 02901-1802RI1996-04$1,464,206
3John P Burke Memorial FundOne Button Hole Drive No 2, Providence, RI 02909-5750RI1947-10$836,019
4Katherine A Burton Trust Dtd 070287PO BOX 1802, Providence, RI 02901-1802RI1997-10$601,553
5Alice I Sullivan Charitable Trust162 Middle St, Pawtucket, RI 02860-1013RI1998-01$464,582
6William J Schiff Tr Ua Fbo E Schiff, Natwest Bank NaPO BOX 1802, Providence, RI 02901-1802RI1995-06$372,003
7Theodore & Revell Wright Memorial Fund, Hadley Wayne N TteePO BOX 1802, Providence, RI 02901-1802RI1995-10$288,952
8John Henry White Jr Revocable TrustPO BOX 1802, Providence, RI 02901-1802RI1995-04$212,549
9Maude-Frances Childrens FundPO BOX 1802, Providence, RI 02901-1802RI1995-05$205,247
10Major Jeremiah P Murphy Scholarship Foundation1 Home Loan Plz Ste 3, Warwick, RI 02886-1764RI1996-01$199,074
11Priscilla Ordway Scholarship FundPO BOX 1802, Providence, RI 02901-1802RI1973-07$194,996
12Arthur E Coia Scholarship And Education Fund410 South Main Street, Providence, RI 02903-2982RI1996-09$184,322
13Chris W Cruickshank Scholarship FoundationPO BOX 541, Westerly, RI 02891-0541RI1990-01$135,211
14Westerly College ClubPO BOX 1342, Westerly, RI 02891-0905RI1996-11$34,463
15Schoen Fam Tr Ua 04131998, Schoen Paul G Et Al Ttee114 W 47th St Ny, Providence, RI 02901RI1998-08$9,219
16Selectman George T Leach Jr Memorial Scholarship FundPO BOX 85, Adamsville, RI 02801-0085RI1998-12$2
17Boscia-Ricci Endowment Fund Inc30 De Soto St, Providence, RI 02909-2435RI1995-04$0
18Frank Abate Scholarship Fund421 Wood St, Bristol, RI 02809-2309RI1997-05$0
19Society Affects Students Incorporated, S A S Inc1272 West Main Rd Suite 228, Middletown, RI 02842-6335RI1996-05$0
20Wayne Findeisen Scholarship Fund9 East Avdenue, Westerly, RI 02891RI1998-09$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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